The threshold at which workers start to pay National Insurance contributions (NICs) will increase to £12,570 this month. This is the largest increase in a basic rate threshold, and it means that workers will be able to earn an extra £2,690 before having to pay NICs.... read more
HMRC has updated their guidance which sets out the procedure for reporting and repaying overclaimed Self-Employed Income Support Scheme (SEISS) Grants. The Revenue is also reminding sole traders and partners who have received these grants, that there are potential... read more
HMRC customers are often the target of very convincing scams. From emails and letters to texts and phone calls, fraudsters often instil panic into victims who then hand over anything from personal information to money. In a bid to help combat this, the gov.uk website... read more
Businesses are being advised to prepare their payroll for National Insurance changes which are coming into effect from next month. From 6 July 2022, some National Insurance Contribution (NICs) thresholds will increase. The primary threshold for 6 July 2022 to 5 April... read more
The Recovery Loan Scheme was introduced by the UK government following the disruption that COVID-19 brought to businesses up and down the country. As all COVID restrictions have been lifted for a few months now, The Recovery Loan Scheme will be coming to an end on 30... read more
Making Tax Digital (MTD) became mandatory for all VAT registered businesses in the UK on 1 April 2022. The government has introduced the scheme in a bid to help taxpayers submit their tax returns correctly, reduce common mistakes and save time. Evidence shows that... read more
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